What is the current price of a share of stock for a firm with $5 million in balance-sheet equity, 500,000 shares of stock outstanding, and a price/book value ratio of 4?
A)$2.50
B)$10.00
C)$20.00
D)$40.00 book value per share = $5,000,000/500,000 = $10
If price/book value = 4

Question

Quizplus · Accepted Answer

The Answer of What is the current price of a share of stock for a firm with $5 million in balance-sheet equity, 500,000 shares of stock outstanding, and a price/book value ratio of 4?
A)$2.50
B)$10.00
C)$20.00
D)$40.00 book value per share = $5,000,000/500,000 = $10
If price/book value = 4

What Is the Current Price of a Share of Stock